Reliance MF picks engg, telecom, media stocks

Reliance Mutual Fund has decreased its investment in the engineering & capital goods, telecom, media & entertainment and banking & financial services sector. However, it added to its investments in the chemicals, oil & gas, metals, and real estate space.

A study of equity portfolios of Reliance mutual fund for April shows that in the engineering & capital goods sector, it has sold Emco, FAG Bearings India and Crompton Greaves while it bought Punj Lloyd, KSB Pumps and Bharat Heavy Electricals. (View - All Bulk Deals by Mutual Funds)

In the telecom pack, it has sold over 36.55 lakh shares of Reliance Communications. Bharti Airtel was also in its list of top sold stocks.

In the media & entertainment segment, Jagran Prakashan, New Delhi Television and Television Eighteen topped the list of sells while Sun TV Network was the top bought stock. (Check out - Which sectors are attracting Fund Managers?)

In the banking & financial services space, IDFC, Rural Electrification Corporation and Punjab National Bank were in the list of top sells while IndusInd Bank, Kotak Mahindra Bank and Network 18 Media & Investments were in the list of top buys.

Reliance Mutual Fund has increased its holdings in the chemicals, oil & gas, metals and real estate pack. In the chemicals sector, Gujarat Narmada Valley Fertilizers and Gujarat State Fertilizers Company topped the list of buys.

In the oil & gas segment, Cairn India, Reliance Industries and ONGC were in the list of top buys.

In the metal & mining, Hindalco Industries, Tata Steel and Sterlite Industries topped the list of buys while Gujarat Mineral Development Corporation, JSW Steel and Steel Authority of India topped the list of sells.

Table of Stocks bought/ sold by Reliance Mutual Fund ...contd on Page 2

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